CHOICE HOTELS INTL INC

Ticker: CHH CUSIP: 169905106 Class: Common Stock

HORIZON KINETICS ASSET MANAGEMENT LLC's Holding History (CIK: 0001056823)

Note: Option positions (PUT/CALL) are excluded.

Q4 2019

Shares 2,792 Value ($000) $289 Avg Close $88.98 Range $81.08 - $100.38

Q3 2019

Shares 3,363 Value ($000) $299 Avg Close $84.84 Range $77.05 - $90.12

Q2 2019

Shares 3,696 Value ($000) $322 Avg Close $79.12 Range $73.71 - $83.12

Q1 2019

Shares 4,432 Value ($000) $345 Avg Close $73.45 Range $66.13 - $78.32

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	2,792	$289	$88.98	$81.08 - $100.38
Q3 2019	3,363	$299	$84.84	$77.05 - $90.12
Q2 2019	3,696	$322	$79.12	$73.71 - $83.12
Q1 2019	4,432	$345	$73.45	$66.13 - $78.32